The news comes as little surprise after the wild goose chase for Wildenstein spread worldwide. The art dealer has also been asked to justify his “failure to declare assets held” by “societies or entities lodged in the trusts”, each located in tax havens such as Guernsey or the Bahamas.
Wildenstein’s sister-in-law, nephew and three advisors have also been implicated, as have the Royal Bank of Canada Trust Company and the Northern Trust Fiduciary Services in the Bahamas and Guernsey respectively.
The Wildenstein family, with a fortune of several million euros comprising primarily property and works of art, faced legal sanctions in 2012. This tax recovery charge amounted to €600 million, including €250 million to Guy Wildenstein, which he denies.
Wildenstein & Company Building, 19 East 64th Street, New York
